A small manufacturer is planning to release a new product and purchases a new equipment for $1,680,000, which will be depreciated by the straight-line method over six years. The company expects to sell 400,000 units at a price of $48 each and it will cost $22 to produce each unit. Selling, General, and Administrative (SGA) expenses will be $1,000,000 each year. If the marginal tax rate is 25%, what are the after-tax incremental earnings in the second year of this project? Note: Create a "Pro Forma Income Statement" line-by-line just for the year in the question. For each item in that statement, you must include the details of your calculations to receive full or partial credit! Paragraph V B I U A Lato (Recom...v 19px T D 8 Q KX AN